Need a 500-word paragraph that speaks about:
Project performance measurement and project closure items:
· Evaluate project performance measurement.
When a successful company invests time, money, and other resources in a project, its primary concern is always what it is getting in return for its investment. It is the responsibility of the project manager to ensure these projects stay on schedule and within their approved budget. Performance measurement provides the project manager with visibility to make sure he is operating within the approved time and cost constraints and that the project is performing according to plan. It also alerts management if a project begins to run over budget or behind schedule so actions can quickly be taken to get the project back on track.
Read more: https://www.projectmanagementdocs.com/blog/measuring-project-performance/#ixzz6pFB3sw8Z
Team’s Week 2 project, including responses to the following project performance measurement and project closure items:
· Evaluate project performance measurement.
· Explain how the project managers use earned value (EV) to monitor project performance.
· Calculate the project’s budget at completion (BAC).
· Explain how the schedule and cost performance indexes are calculated and used to monitor project performance.
· Explain how Agile project performance measurement differs from the traditional methods.
Need a 500-word paragraph that speaks about:
Evaluate project performance measurement.
When a successful company invests time, money, and other resources in a project, its primary concern is always what it is getting in return for its investment. It is the responsibility of the project manager to ensure these projects stay on schedule and within their approved budget. Performance measurement provides the project manager with visibility to make sure he is operating within the approved time and cost constraints and that the project is performing according to plan. It also alerts management if a project begins to run over budget or behind schedule so actions can quickly be taken to get the project back on track. Read more: https://www.projectmanagementdocs.com/blog/measuring-project-performance/#ixzz6pFB3sw8Z
Project impact: The reason your organization embarks on a project is for some impact or benefit to an aspect of your business.
Financial: Costs need to be monitored throughout the project to be sure you’re tracking to the budget.
On-time: Very closely tied to the budget is on-time completion of projects.
Resources: Knowing how much time team members are spending on a project is important for some organizations, especially to ensure that resource utilization is as efficient as possible.
Quality: It’s good to segment your project into phases so you can evaluate your project quality while there’s still time to adjust before you get to the end.
Return on investment: When you compare the benefits of the project against the project goals as well as the costs of the project you can calculate a return on investment.
Solve the issue: Were you able to solve the problem or improve the process that was the impetus for the project? This is another important way to know if your project was successful.
T
eam’s Week 2 project, including responses to the following project performance measurement and
project closure items:
·
Evaluate project performance measurement.
·
Explain how the project manager
s use earned value (EV) to monitor project performance.
·
Calculate the project’s budget at completion (BAC).
·
Explain how the schedule and cost performance indexes are calculated and used to monitor project
performance.
·
Explain how Agile project performance
measurement differs from the traditional methods.
Need a
500
–
word
paragraph
that speaks about
:
Evaluate project performance measurement.
When a successful company invests time, money, and other resources in a project, its
primary concern is always what it is getting in return for its investment. It is the
responsibility of the project manager to ensure these projects stay on schedule and
wi
thin their approved budget.
Performance measurement provides the project
manager with visibility to make sure he is operating within the approved time and
cost constraints and that the project is performing according to plan. It also alerts
management if a
project begins to run over budget or behind schedule so actions
can quickly be taken to get the project back on track.
Read more:
jectmanagementdocs.com/blog/measuring
–
project
–
performance/#ixzz6pFB3sw8Z
Project impact:
The reason your organization
embarks on a project is for
some impact or benefit to an aspect of your business.
Financial:
Costs need to be monitored throughout the project to be sure
you’re tracking to the budget.
On
–
time:
Very closely tied to the budget is on
–
time completion of pro
jects.
Resources:
Knowing how much time team members are spending on a
project is important for some organizations, especially to ensure that resource
utilization is as efficient as possible.
Quality:
It’s good to segment your project into phases so you c
an evaluate
your project quality while there’s still time to
adjust
before you get to the end.
Team’s Week 2 project, including responses to the following project performance measurement and
project closure items:
Evaluate project performance measurement.
Explain how the project managers use earned value (EV) to monitor project performance.
Calculate the project’s budget at completion (BAC).
Explain how the schedule and cost performance indexes are calculated and used to monitor project
performance.
Explain how Agile project performance measurement differs from the traditional methods.
Need a 500-word paragraph that speaks about:
Evaluate project performance measurement.
When a successful company invests time, money, and other resources in a project, its
primary concern is always what it is getting in return for its investment. It is the
responsibility of the project manager to ensure these projects stay on schedule and
within their approved budget. Performance measurement provides the project
manager with visibility to make sure he is operating within the approved time and
cost constraints and that the project is performing according to plan. It also alerts
management if a project begins to run over budget or behind schedule so actions
can quickly be taken to get the project back on track.
Read more: https://www.projectmanagementdocs.com/blog/measuring-
project-performance/#ixzz6pFB3sw8Z
Project impact: The reason your organization embarks on a project is for
some impact or benefit to an aspect of your business.
Financial: Costs need to be monitored throughout the project to be sure
you’re tracking to the budget.
On-time: Very closely tied to the budget is on-time completion of projects.
Resources: Knowing how much time team members are spending on a
project is important for some organizations, especially to ensure that resource
utilization is as efficient as possible.
Quality: It’s good to segment your project into phases so you can evaluate
your project quality while there’s still time to adjust before you get to the end.
Project Performanc e and Completion
•SEPTEMBER 14, 2020
•TEAM 3
•SAMANTHA FISKE
•DAVID KUROPKAT
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Starbucks Tenant Improvement
FULL INTERIOR REMODEL WITH EXTERIOR ADDITIONS
AND SIGNAGE
12 WEEK SCHEDULE $250,000 BUDGET
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Evaluate Project Performance Management
SCHEDULE QUALITY COST STAKEHOLDER SATISFACTION
PERFORMANCE TO BUSINESS
CASE
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Earned Value
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Earned Value
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Project Budget at Completion
Calculate Budget At Completion (BAC)
Full project budget
Calculated at beginning of project
Not necessarily the final budget
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Schedule & Cost
Performance Index
Schedule Performance Index (SPI)
SPI = EV/PV
Cost Performance Index (CPI)
CPI = EV/AC
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Agile Project Performance Measurement
Traditional Project Management
Design up front
Fixed scope
Deliverables
Freeze design as early as possible
Low uncertainty
Avoid change
Low customer interaction
Conventional project teams
Agile Project Management
Continuous design
Flexible scope
Features/requirements
Freeze design as late as possible
High Uncertainty
Embrace change
Constant customer interaction
Self-organized project teams
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